Mumbai (Maharashtra),India: : Invesco India Focused 20 Equity Fund (an openended equity scheme investing in maximum 20 stocks across market capitalization (i.e. Multicap)), which was open for subscription until 23rd September has collected Rs. 602 crs in the NFO. The fund received 29,240 applications from investors across 855 cities & towns in India.
Mr. Saurabh Nanavati, Chief Executive Officer, Invesco Mutual Fund said, “Our strong and consistent track record of performance across our equity schemes has helped us garner assets during our NFO. We would like to thank all our investors and distributors for their belief in us and are humbled by the response received by our new fund. Invesco is an independent asset manager, and all the collections received during the NFO have come from third party distributors, including banks, national distributors, IFAs and our digital partners”
Invesco India Focused 20 Equity Fund seeks to generate capital appreciation by investing in upto 20 stocks with a flexibility to move across the market capitalization range. The fund will adopt a high conviction approach to investing with meaningful allocation to each stock idea yet maintaining a balance between conviction and diversification. The fund is benchmarked to S&P BSE 500 TRI and will be managed by Mr. Taher Badshah, who has over 26 years of experience in the Indian equity markets.
The fund will re-open for ongoing subscription from October 5, 2020
About Invesco Asset Management (India) Private Limited
Invesco Asset Management (India) is one of the leading asset management companies in India. With over INR 39,515 crores of assets under management across Mutual funds, PMS and Offshore Advisory (as at 31 Aug 2020), we serve investment needs of individual investors, corporate and institutions through mutual funds and sub-advised portfolios. Our expertise extends across equity, fixed income and alternative asset classes wherewe offer the complete range of funds designed to suit investment needs. IAMI’s aim is to provide top class financial care, impeccable service and best-in-class investment products.
For more details visit www.invescomutualfund.com
About Invesco Ltd.
Invesco is an independent investment management firm dedicated to delivering investment experience that helps people get more out of life. NYSE: IVZ; www.invesco.com